PayPal is one of the most common payment methods used all over the world and it is especially popular in the United States due to free and convenient withdrawals. Online casinos that accept PayPal allow you to make your deposits and withdrawals with this banking option without too much hassle. However, due to the rigorous policy of the online payment service provider, you won’t find too many casinos supporting PayPal. The good news is that those online gaming operators which accept this payment method are fully licensed and provide players with a safe and fair gaming experience.
As there are no monthly fees you should pay to maintain your PayPal account, no setup fees and no gateway fees, PayPal is a convenient banking method you can use at online casinos. Besides, it is completely secure and all you have to provide the gaming venue with is your email. Casino Bloke presents you with a list of trusted gaming venues supporting PayPal. Stay with us to learn how to deposit with PayPal and how to withdraw with PayPal from online casinos.
Founded back in 1998, PayPal is committed to providing financial services via an open digital payments platform used by almost 200 million active account holders. PayPal is available in more than 200 markets around the world and allows users to receive money in over 100 currencies, while withdrawing funds is possible in 56 currencies. With a PayPal account you can easily transfer your money from your computer or turn your mobile device into a wallet only by providing your email address.
When it comes to online casinos, PayPal can be used for deposits at licensed gaming venues in the jurisdictions where they are licensed. This is why a number of casinos which accept PayPal is somewhat limited, but you can still find those worth your time and your money.
How to Make Deposits and Withdrawals with PayPal
Making PayPal deposits at online casino is easy. Once you have set up your PayPal account and linked your email with your bank account, credit or debit card, you should go to the cashier’s, choose PayPal as a preferred payment option and and submit the amount you want to send to your casino account. Besides, you should provide your email and you will be taken to your PayPal account where you are supposed to complete the payment procedure. If you have ever used PayPal for online payments, you will easily figure out how to fund your account.
Processing PayPal withdrawals functions the same way. Check out the minimum and maximum amounts you can clear from your casino account and select PayPal from supported withdrawal options. Enter the sum you want to cash out, provide your email and follow the simple steps to finish the procedure.
Fees & Timeframes
When transferring your funds via PayPal you won’t be charged any additional fee by the casino in most cases. However, PayPal reserves the right to charge fees. Making deposits via PayPal is free of charge while withdrawal fees vary depending on the country you are coming from. You should be aware of the fact that you can withdraw your funds only via a US bank account (free of charge) or via a Visa card, and the latter is more convenient option as it allows users from all around the world to receive payments. Players from the EU member countries won’t be charged withdrawal fees while in some instances these costs can go up to 3.4% + $0.30. When using PayPal your money will be instantly processed and available on your account.
Why Use PayPal
Provided it is supported by the online casino you play at, you should consider using PayPal as it is a fast and reliable payment method which allows you to move your money in a secure and easy way. As you provide the online casino only with your email address, you don’t have to share any of your financial details with the online gaming operator which means that you don’t have to worry about cyber threats or identity fraud. The PayPal online casinos listed on this page allow you to make both deposits and withdrawals via this payment method and they will be instant and free of additional costs. The only downside to using this banking solution is that there are not too many gambling sites which support it.